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Gold saves the day as Diggers deals with the nickel and lithium rout

Gold saves the day as Diggers deals with the nickel and lithium rout

The annual Kalgoorlie conference was abuzz with the hopes and dreams of nickel and critical minerals groups – last year. How different things are now.

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Darren Stralow and Simon Lawson shook hands and said their goodbyes. The young gold bulls had just met and thought they were about to die together in a plane crash.

It was 2011, the gold price was about $1300 an ounce and Northern Star Resources was starting its rise from the ranks of penny dreadful to where it sits today, the biggest ASX-listed producer.

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Brad Thompson
Brad ThompsonReporterBrad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com

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Original URL: https://www.afr.com/companies/mining/gold-saves-the-day-as-diggers-deals-with-the-nickel-and-lithium-rout-20240807-p5k08u